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darren gersh, nbr, washington. >> susie: investors will bengorn those fiscal cliff talks, and they will also be studying tomorrow's importa")jé:0@6cj& but josh feinman says the november numbers won't give an accurate picture of the labor market. he's chief economist at d.b. advisors. >> reporter: hi, josh, so you're talking about distortions in that report. tell us more. >> yes, hi, susie. i think that the hurricane sandy may distort the numbers. we've seen it in some of the other high frequency data in the last couple of weeks. keep in mind tomorrow's labor market report will report on a snapshot of the labor market taken in the middle of last month. and that's when the hurricane and its aftermath were having their effects. >> so the consensus numbers from a survey of economists, they're expecting american businesses added 110,000 jobs it to their payroll. the unemployment rate staying around 7.9%. does that sit right with you. is that what you are seeing? >> probably somewhere around that maybe a little less. one of the problems is it is hard to gauge exactly what the impact of the s
darren gersh, nbr, washington. >> susie: investors will bengorn those fiscal cliff talks, and they will also be studying tomorrow's importa")jé:0@6cj& but josh feinman says the november numbers won't give an accurate picture of the labor market. he's chief economist at d.b. advisors. >> reporter: hi, josh, so you're talking about distortions in that report. tell us more. >> yes, hi, susie. i think that the hurricane sandy may distort the numbers. we've seen it in...
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president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nubs. what you should think about is $16 trillion. that's how much debt the country has. according to bill groesdz, the man who runs the biggest fund, ie, the man who decides how much we can spend and borrow, we have to cut spending or raise taxes. that's $1.6 trillion a year. that's $1.2 trillion a year more than the president proposes. and $1.38 t
president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the...
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. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people stopped looking. last month's drop in unemployment really was driven by people becoming employed. the fact the unemployment rate has dropped from over 10% over the last two or three years part of that is real job gaining by some people and part of t
. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job...
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is there real progress being done or are thwe set up to go o the fiscal cliff. the right to work drama that took place in michigan oh suddenly you can vote whether or not you can vote whether or not you want to be in the union. it got one of our contributors a punch in the face. steven crowder got punched in the face. we will bring out the true story all coming out on "fox & friends." please wear the same thing you have on right now. add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. 100 calories... [ chef ] ma'am try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> 7 minutes to the top of the hour. that would create a holiday nightmare for travelers if they walked off the job
is there real progress being done or are thwe set up to go o the fiscal cliff. the right to work drama that took place in michigan oh suddenly you can vote whether or not you can vote whether or not you want to be in the union. it got one of our contributors a punch in the face. steven crowder got punched in the face. we will bring out the true story all coming out on "fox & friends." please wear the same thing you have on right now. add up to 100 calories? your world. ♪ [...
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very difficult era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very difficult era. do you agree with...
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cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle entitlements such as medicare and social security to put them on a sustainable path. vice presidential candidate and budget chairman paul ryan says the overall thinking has to change. >> the problem they are the same. but the old ways won't do. we need new thinking and renewed efforts from all americans. look, it is true that president obama won reelection. i congratulate him on his victory. but on january 20th, he will face a stagnant economy and a fiscal mess. you might even say he will inherit these problems. >> this has
cliff debate. they would bear the blame if we do go over the edge. the president sat down with bloomberg news yesterday to talk about this. he said he might be willing to budge on some things but tax rates on the wealthy must go up. republicans should agree to raise them he says now and trust them that spending cuts will go away. >> let's put a down payment on taxes let's let tax rates on the upper income folks go up. >> they have heard these problems before any deal must tackle...
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itself as it tries to negotiate an approach toward the fiscal cliff. fox news, with all its stunned punditry on election night is not amused. the network confirms karl rove will only be allowed on air after producers receive permission. ditto, dick morris, the republican cheerleader still waiting to the romney/ryan call. gentlemen, don't sit there waiting in vein. there's a seat right here across the street with your name on it. come on. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. yofor giving the perfect gift?le just have a knack i love you. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more do
itself as it tries to negotiate an approach toward the fiscal cliff. fox news, with all its stunned punditry on election night is not amused. the network confirms karl rove will only be allowed on air after producers receive permission. ditto, dick morris, the republican cheerleader still waiting to the romney/ryan call. gentlemen, don't sit there waiting in vein. there's a seat right here across the street with your name on it. come on. [ emily jo ] derrell comes into starbucks with his wife,...
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is there any solution to not going over the fiscal cliff? >> reporter: we heard a lot of the same today from leaders in both parties. from the speaker coming out and saying the president's got to put more spending cuts on the table and from the democratic leaders say that the republicans just have to give on agreeing to raise tax rates for the wealthy. no. guess what? we heard from dthem that the house speaker is going home this weekend. he's not going to be here. they'll hopefully talk to the phone, but no face-to-face meetings. >> dana you talked to a couple of guys that spent careers in congress making deals, and they talk about you how they did it. tell us a little bit about that, the insights here. >> reporter: a really fascinating conversation with a former republican leader, senate let the record trent lott and the former democratic leader tom dashle on opposite sides of the table for almost ten years i covered them for a large part of that. i asked about, you know, kind of what was different back then versus now. specifically since t
is there any solution to not going over the fiscal cliff? >> reporter: we heard a lot of the same today from leaders in both parties. from the speaker coming out and saying the president's got to put more spending cuts on the table and from the democratic leaders say that the republicans just have to give on agreeing to raise tax rates for the wealthy. no. guess what? we heard from dthem that the house speaker is going home this weekend. he's not going to be here. they'll hopefully talk...
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alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishas core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for tir etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. melissa: it is time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. our own nicole petallides standing by.
alan simpson briiging fiscal cliff talks to a whole new level. neil cavuto is up next with his trademark move. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. relieving the pain quickly. i have obligations. cute tobligations, but obligatio.ing. i need to rethink the core of my...
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. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while speaker boehner says the president moved the goal post and wants too much in revenue. something we don't hear about is public opinion. most registered voters 57 percent feel the best way to deal with the budget problems is with cuts in spending. 20 percent think tax increases are a better solution and a little less 18 percent favor a balanced approach of cuts and tax hikes. and when asked if raising taxes on the wealthy is enough to solve the country's budget problems, 33 percent of registered voters said yes. but man fee more, 61 percent said spending cuts are necessary as well. this comes as three quarte
. >> if a deal can't be reached before january the 1st we will go over that fiscal cliff we talked so much about. as the clock ticks where do merps stand on the troubled economy. peter doocy is live with brand new poll numbers. >> hi heather. we have been hearing so much about what the principal negotiators think about the way around the fiscal cliff. the latest is that president obama is troubled by speaker boehner's suggestion that tax cuts to the wealthy should be permanent while...
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while we're talking to her about the fiscal cliff she gets an e-mail. >> yeah! my first review. okay, great. whoa, okay, that was good news. >> reporter: a third interview for a sales job. if washington can't do t maybe this job will pull her back from the cliff. >> oh, my god, i'm excited right now. >> reporter: kyung lah, cnn, los angel angeles. >>> a record find for one of the world's largest banks, what it's accused of doing with drug cartels and terror groups, coming up. you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could al
while we're talking to her about the fiscal cliff she gets an e-mail. >> yeah! my first review. okay, great. whoa, okay, that was good news. >> reporter: a third interview for a sales job. if washington can't do t maybe this job will pull her back from the cliff. >> oh, my god, i'm excited right now. >> reporter: kyung lah, cnn, los angel angeles. >>> a record find for one of the world's largest banks, what it's accused of doing with drug cartels and terror...
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silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the name of mcilroy. he can't decide who the quarterback is going to be. that's the same problem republicans are having. >> wow. for those of you who don't live in new york or follow football, the new york jets are an nfl team currently plagued by horrible things. infighting and embarrassing losses that culminating with mark sanchez's infamous butt fumble on thanksgiving. it shows how grim it is for the new york jets since their name is synonymous with failure and infighting. even when they won by a mechely point, their hometown pape
silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the...
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further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do is simplify the portfolio into infrastructure and financial services. we like where the portfolio is today. we think in the infrastructure space there's going to be roughly $4 trillion spent each year, so it's an attractive big market. globally is where our opportunities are so the company's -- probably a decade ago 30% of our revenues were outside the united states. now it's more like 60% or 65%. so we think we've got the portfolio we want. we've dramatically increased the amount of technology. and in the end i think technology and innovation are the competitive advantage. we've got a good global footprint. w
further progress will be tested as the fiscal cliff deadline approaches without a deal inside yet. i'm very pleased to have jeff immelt back on this program. welcome >> charlie, thanks, good to be back with you. >> rose: we've talked many times about g.e. since you took over, i think once since -- just after 2001. where is the company today in terms of where do you want it to be and where do you want it to be in the next five years? >> i think, charlie, what we've tried to do...
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the standoff over the fiscal cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing fields of elk horn coral that you couldn't see through it and you couldn't see beyond it and those same areas are dead you know 99% dead. ♪ >> ifill: and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs stati
the standoff over the fiscal cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing...
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about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows this, believes it's in a strong position and intends to use that leverage when and if negotiations begin. for "cbs this morning," major garrett at the white house. >>> federal health officials are watching a medical crisis, an earlier-than-usual flu season. the south is already hit hard, one month earlier. three school systems in tennessee say so many teachers and students are sick, they've closed for the rest of the week. health officials also say this year' flu strain is making patients sicker than normal. the good news, this year's vaccines seem to work well against
about the fiscal cliff. for the first time since this drama began to play out on a very public stage, yesterday there were no substantive negotiations or conversations whatsoever, none at all. and here is what the public thinks about all this. if, in fact, the nation does go off the fiscal cliff and negative consequences ensue, by a two to one ratio, by the most recent poll, it will blame republican, not the white house. the white house knows this, believes it's in a strong position and intends...
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how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, wh
how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure...
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all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character trying to end his recurring nightmare in "groundhog day." >> we musn't keep it waiting. >> he might be ok. chris: the worst movie analogy we could imagine ends badly for all concerned. let's hope and pray that thelma and louise are not boehner and obama. my own favorite clip is mount rushmore, "north by northwest," the hitchcock great with cary grant pursued by spies. the survival is never in doubt. not sure if that's true now. when we return, the hillary clinton for 2016 talk is ready to roar. scoops and predictions. chris: we just re-elected barack obama but the hillary for president talk is getting lou
all this fiscal cliff talk reminds us of cliffhangers in the movies but which cliff scene will washington's dare devil act look like? could we see both sides leap to safety at the last minute like paul newman and robert redford in butch cassidy or could it be more like rebels without a cause drag racing toward a danger they don't appreciate until it's too late. [screaming] there are other movies where going over the cliff is a planned thing like it was for bill murray's desperate character...
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first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics. that's somethingsona that shouldn't even be discussed on air. i know everybody's hostage to washington these days. there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that
first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics....
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stock markets edged lower today as the fiscal cliff talks drag on. the dow lost 13 points, the nasdaq was down five. trading was light as investors wait for details on the negotiations in washington. in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood landmark is getting a make over. the last minute opposition to a bay area sheriff's purchase of an aerial drone. >> it's like the worse nightmare imaginable. it's like this isn't true. >> while in dialysis and battling cancer someone stole his beloved dog. the unlikely scenario that brought the two back together. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken nood
stock markets edged lower today as the fiscal cliff talks drag on. the dow lost 13 points, the nasdaq was down five. trading was light as investors wait for details on the negotiations in washington. in six minutes, rita williams will tell us about a new poll on the fiscal cliff. do americans think it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and...
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everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particu
everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think...
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on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that
on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the...
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. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington. well, there they were side-by-side, and for real they were in the white house this weekend. president obama taking his message of middle class tax cuts and tax increases for the rich to detroit today. just as michigan is facing a big vote against union organizing in a state long identified with the labor movement. joining me now for our daily fix, msnbc contributor and managing editor of "post politics.com". good day to you. well, first of all, the labor movement really on the ropes now in michigan of all places. michigan where detroit, of course, was the heart of the auto movement, the auto union, and now you've got a vote -- final vote is tomorrow as t
. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington....
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because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline. it's going tt surge from $16.3 trillion to $17.5 trillion at 2013, then we get out here to about 2014, it's going to be, well, it's going to be about 19.4. 20.3 trillion, 20.3 trillion if we do nothing in 2016: and by 2022, out here, it's going to be $25.8 trillion. that's if we do nothing about this spending, this runaway spending, this irresponsible government. now let's take a look at what happens if president obama gets tough, and he gets it done. the president calling for $1.6 trillion in higher taxes. he wants $82 billion a year from that top 2%. by the way, that's the same
because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline....
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Dec 7, 2012
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this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unc
this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this...
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. >> talks are continuing as the fiscal cliff approaches. did tell on the president's private meeting with house speaker john boehner. was to be another gorgeous day. >> good morning and the gorgeous day we are talking mid to upper 60s. it will be short-lived. tickets will be cooler into tomorrow. temperatures mainly in the 40's. we could see forties' as we approach sunrise. later today mainly sunny skies a clear day for everyone. later tonight we will stick with the clear conditions we do have changes to talk about in the form of wet weather. what to expect coming up in my next report. >> here is a live look from the bay bridge toll plaza we do have a spa reported west mounted the pay date is not showing up in a live shot. it is not calling a back up. traffic moving well is as ever to go out oakland. weston 10 minutes for a total dry time. east bay traffic light no problem on the peninsula. will check on traffic coming up in just a bit. >> thank you robyn. >> and developing story we're following the man was dead. he and norman were found bo
. >> talks are continuing as the fiscal cliff approaches. did tell on the president's private meeting with house speaker john boehner. was to be another gorgeous day. >> good morning and the gorgeous day we are talking mid to upper 60s. it will be short-lived. tickets will be cooler into tomorrow. temperatures mainly in the 40's. we could see forties' as we approach sunrise. later today mainly sunny skies a clear day for everyone. later tonight we will stick with the clear...
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these are your headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie helton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the financial crisis measure that guarantees one hundred percent of all checking account bank deposits now to see b.o.'s to mates the f.d.a. does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a reali
these are your headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less...
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we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at where the strike is a and look t the pent-up demand. >> this is a huge vehicle for gm, the best-selling of all gm vehicles. a quick look at what they unveil look like, a really exciting unveil. harkening back the old old days where they blew things up and crash cars through things. a big unveiling for g gm. good luck to them, they will need it. ashley: love the fireworks. jeff flock, thank you very much. tracy: talks in washington seem to be going nowhere, so is it too late to avoid going over the fiscal cliff? making waves by saying the house should pass tax cut for middle income americans and to do it now. he join
we talked to mark reuss earlier in the day talking about the fiscal cliff being introduced at a time when the country could be an economic role. telling me he think they will make money even if the nation goes forward over the fiscal cliff. >> we can make a lot of money at fiscal cliff levels, but plans in place to do all that. we don't think we need to. >> what does your internal planning say if you go over? >> we take a look at different car lines by segment and look at...
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Dec 6, 2012
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we are trying to get to talks. we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we are trying to get to talks. we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the...
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cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably is, but frankly chris christie is looking out for his own political future and it's his only option. new jersey is in a very tight fiscal situation because they have a balanced budget requirement. they can't run deficits the way the federal government can, and this has a huge impact on the state economy. frankly, i think you see more situations in which republican governors are going to be pitted against the republicans in congress because those governors, for example, they want that medicaid money to keep
cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is...
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. >>> 23 days, yes, 23 days we're going to hit that fiscal cliff we all have been talking so much abouted ed ad nauseam. the president and john boehner met to discuss the crisis. a deal is needed to avoid an automatic tax increase and spending cuts for just about everyone. you know what, this has got to be the biggest game of political chicken since the debt ceiling debacle last summer. >> and no one wants it to be a debacle and that's why it's a game of chicken. barack obama knows he just won the election so he can pretty much win this argument so right now it's a lot of posturing, a lot of chest beating, but we're all going to have a happy christmas because they're going to work this out before they go off the fiscal cliff i don't think east party wants -- on their backs if he we go off this cliff, payroll taxes go up and republicans would actually take the brunt of it. >> congressman tim cole of oklahoma said this about the situation, listen to what he said and then i'll get your take on it. >> some of our people think if we just dig in and hold strong, we can stop it, that's not is ca
. >>> 23 days, yes, 23 days we're going to hit that fiscal cliff we all have been talking so much abouted ed ad nauseam. the president and john boehner met to discuss the crisis. a deal is needed to avoid an automatic tax increase and spending cuts for just about everyone. you know what, this has got to be the biggest game of political chicken since the debt ceiling debacle last summer. >> and no one wants it to be a debacle and that's why it's a game of chicken. barack obama...
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. >> and who is coming up on your show to talk about the fiscal cliff today? >> we doctor v two remembers, marsha blackburn, they both have very different views, suppose the speaker gets a deal, and he can't get his folks to sign on. it has happened before as we know. it happened in the grand deal that he and president obama were putting together together before, so how far can the speaker go, before they start to lose too many people. so we'll have them talk about how short or long of a leash the speaker has. >> and i understand you have kristine laguard on? >> yes, she is head of the i.m.f., and in this global economy, nobody is in their economy alone. the world is also watching these negotiations and the lack of a deal, certainly, could shake the markets, and shake confidence across the globe. this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to state of the union which starts in about ten minutes. >>> now, time to get ready for the week ahead, it's a busy week, monday, nobel prizes will be awarded, and
. >> and who is coming up on your show to talk about the fiscal cliff today? >> we doctor v two remembers, marsha blackburn, they both have very different views, suppose the speaker gets a deal, and he can't get his folks to sign on. it has happened before as we know. it happened in the grand deal that he and president obama were putting together together before, so how far can the speaker go, before they start to lose too many people. so we'll have them talk about how short or long...
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and this fiscal cliff. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> this week, we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that t
and this fiscal cliff. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ five days later, i had a massive heart attack. bayer aspirin was the first...
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for both of you, and that is the fiscal cliff deadline that congress faces. the reality is, if you hear it from the outside, these public statements from both sides, it doesn't sound very good. here's speaker boehner and the president talking at the end of the week. >> when it comes to the fiscal cliff, this threatening of our economy and threatening jobs, the white house has wasted another week. the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> so here's my sense, congressman mccarthy. why in the minds of republicans aren't they processing it this way? look, president, we'll give you what you want on rates. let them go up. but we have to get something in return. big cuts in the medicare program, and we're willing to make a deal. is that essentially the thinking of speaker boehner at this point? >> the president wants the rates to go up, that doesn't solve the problem and we don'
for both of you, and that is the fiscal cliff deadline that congress faces. the reality is, if you hear it from the outside, these public statements from both sides, it doesn't sound very good. here's speaker boehner and the president talking at the end of the week. >> when it comes to the fiscal cliff, this threatening of our economy and threatening jobs, the white house has wasted another week. the president has adopted a deliberate strategy to slow walk our economy right to the edge of...
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for the ride of the fiscal cliff they want to make sure that members of either party who are speaking out are as close as possible to simpson bowles talk about real cuts talk about real revenue there is much more of an ownership of the process this time. did you catch that liz he said there seems more of an ownership of the process this time and he wasn't talking about legislators he was talking about business leaders so typically when you think of ownership you think of you buy something and then it's yours so you know i'm sure he wasn't saying we bought out the entire political process so that we own it but he's essentially saying that we have so much influence now that we feel a sense of ownership over these talks are going to go ahead yeah we own this talk so even though business forward claims that they themselves are not advocating for anything in particular they are just a medium that allows business owners to speak with senior white house officials other government officials their advocacy is certainly on behalf of the government getting to say what they'd like to say you know
for the ride of the fiscal cliff they want to make sure that members of either party who are speaking out are as close as possible to simpson bowles talk about real cuts talk about real revenue there is much more of an ownership of the process this time. did you catch that liz he said there seems more of an ownership of the process this time and he wasn't talking about legislators he was talking about business leaders so typically when you think of ownership you think of you buy something and...
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Dec 10, 2012
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, but those conversations shouldart of a plan to avert the fiscal cliff. why not, is my question. you said in that speech there is absolutely savings to be derived from the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that doesn't voucherize it or take the approach of the paul ryan budget, but keep this a sound program and a solvent program. i just don't think we can do it in a matter of days here before the end of the year. that was my point. we need to address that in a thoughtful way, through the committee structure, after the first of the year. but the point i want to get to is this. we have already cut more than $1 trillion in spending as part of deficit reduction. we now need to put revenue on the table. the american people spoke on this issue in the election. i'd say to speaker boehne
, but those conversations shouldart of a plan to avert the fiscal cliff. why not, is my question. you said in that speech there is absolutely savings to be derived from the medicare program and trimming it back. why shouldn't it be front and center in a specified way beyond what the president is proposing, which is about $350 billion over 10 years in cuts? >> david, medicare will run out of money in 12 years. we know that we have to do something to make sure that we take an approach that...
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i'm not talking about the fiscal cliff or sequester, anything quite so heavy. but, nevertheless, quite important. it's got bipartisan support, already been passed out of the agriculture committee, passed out of the house of representatives by 300 votes, but it has yet to be brought to the senate floor for debate. that debate could being over with in half an hour the majority leader talks about bipartisan support for legislation and hurdles to bringing bipartisan legislation to the floor. obviously we have them. but i want to remind the senate that this bill has already passed the house, as i have said, with broad, bipartisan support, and again with over 300 votes. that doesn't happen often in the house of representatives these days. and it passed out of the senate ag committee with bipartisan support, didn't even need to have a hearing. but yet the majority leader has not allowed this come to to the floor without a vote. i would urge him to do that. i am talk about h.r. about the g regulatory burdens act of 2011. how could anybody be opposed to that? and it has
i'm not talking about the fiscal cliff or sequester, anything quite so heavy. but, nevertheless, quite important. it's got bipartisan support, already been passed out of the agriculture committee, passed out of the house of representatives by 300 votes, but it has yet to be brought to the senate floor for debate. that debate could being over with in half an hour the majority leader talks about bipartisan support for legislation and hurdles to bringing bipartisan legislation to the floor....
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we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about this. [ cellphone vibrating ] [ female announcer ] with cisco at the center, working together has never worked so well. >>> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> house speaker boehner saying that is president obama and the democrats to save you for being higher taxes. this fiscal cliff thing, the problem with the republicans, larry, is that they have been boxed in by the democrats into a difficult position where the polls confirm that the public in america believe that the rea
we'll talk about our own dysfunctional people in washington, d.c., in this fiscal cliff. [ man ] in hong kong, on my way to the board meeting... anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in new york. and before i reached the top, the board meeting became a congrats we sold the company party. wait til my wife's phone hears about...
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. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces to fight back. >> isn't there anyone who know what is christmas is all about? >> everyone loves charlie brown, right? not so fast. the beloved cartoon character is caught up in a war on christmas. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >> the holidays are a time for giving and a perfect time to remember those who have hel
. >> still to come on america's news headquarters, fiscal cliff fiasco. enough about tax rates going up, the outrageous thing virtually no one's talking about is our spending problem. america is $16 trillion in debt and counting. how much does each american -- you! owe? we'll break it dowfnlt regulation nation. the federal government wants to take away people's homes, tear them down and plant grass, all in the name of environmental cleanup. democrats and robberies robberie joined forces...
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you talk about the fiscal cliff. bring congress and they can back up their own stones. i would love to see boehner with a stone. >> for would be perfect. >> nice to see you. award season is coming up. >> what's award season. >> how many are you going to nab? >> i would like a couple of good movies. dustin hoffman is called that. 75-year-old first time director. >> i love it. >> i'm going to see it. >> the d is silent. >> great to see you. >> come tonight. >> always. the 12-12-12 concert at 7:30 p.m. the 121212 concert.org. what does it take to uproot one of the largest hotel empires? scott wapner gives us a look at this new documentary behind closed doors at marriott. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their te
you talk about the fiscal cliff. bring congress and they can back up their own stones. i would love to see boehner with a stone. >> for would be perfect. >> nice to see you. award season is coming up. >> what's award season. >> how many are you going to nab? >> i would like a couple of good movies. dustin hoffman is called that. 75-year-old first time director. >> i love it. >> i'm going to see it. >> the d is silent. >> great to see you....
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the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off y
the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must...
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then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make a deal that will almost immediately get back our credit rating that. should almost be the standard. they know what that standard is down to the penny. that's the kind of a deal we should make. we should get our great credit rating back again. >> brian: just real quick, 'cause tonight talk about what china is don't, but rich lowry says the president wants gop humiliation and that's what's haul behind the 35 to 39% for the upper tax rate. do you see that? >> i'm not sure if it's for that purpose and maybe he believe it is and did he win an election, so
then you got another kind of fiscal cliff looming. do you believe that behind closed doors yesterday that the president actually seriously talked about spending cuts? >> i think he is serious about that. i think everyone knows they have to have spending cuts to go along with whatever is going to a. we should make the kind of deal and the kind of comprehensive deal that is going to get our credit rating back. we're not rated credit wise. they're talk being lowering it again. we should make...
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Dec 10, 2012
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it's less a fiscal cliff than it is a slide or an incline plane or whatever. but i think that, you know, soon after the 1st, if we haven't done it by then when all the tax rates go and all the changes happen, we get serious and something happens, and i think speaker boehner will be part of it. that's why i'm generally optimistic within the next month if not within the next few weeks. >> i hope so. senator sherrod brown, thank you so much. nice to have you here, your wife as well. >>> coming up next, david shweikert is among a handful of conservatives demanding an explanation after being removed from their committee assignments. he'll join us next right here on "morning joe." meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. to the best vacation sp(all) the gulf! it doesn't matter which of our gr
it's less a fiscal cliff than it is a slide or an incline plane or whatever. but i think that, you know, soon after the 1st, if we haven't done it by then when all the tax rates go and all the changes happen, we get serious and something happens, and i think speaker boehner will be part of it. that's why i'm generally optimistic within the next month if not within the next few weeks. >> i hope so. senator sherrod brown, thank you so much. nice to have you here, your wife as well....
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. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter:
. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes...
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Dec 5, 2012
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cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse and chris walen, senior managing director. just looking through some of your comments, dan, you don't think we should go over, obviously. >> well, we were -- chris and i were joking in the green room. a lot of the policies in the cliff to us personally are anathema, but that's probably going to happen and what should happen. >> bring it on. >> you think -- >> look, subject americans to the minimum tax. >> yeah, they'll understand. >> the democrats want to raise taxes so they can spend more. they derive economic sustenance from
cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse...
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Dec 10, 2012
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at the end of the day we've been talking about the fiscal cliff for a long time. you think they would have been working on this. >> they had been. >> they can't get it together. >> look, think if you were a small business. you have ten employees, right? you're just trying to weather, you know, demand that's down. you're trying to implement health care reform. you're trying to do all these other things and waiting for congress to fix the fiscal cliff and it hasn't quite happened yet. i mean what do you -- what do do you? i don't even know what some of these folks can do. >> can we switch gears? >> yeah, let me tell you about the fcc? >> sure. >> do you want to talk on your phone on the plane? >> yes, i do. >> i'm not sure i want everybody else to talk on the plane. >> put on the head phones. >> the top person at the fcc, the fcc chairman said on friday that the faa's policy on in-flight electronics bans is in question. 20 years of research doesn't show any kind of messing up with the planes and navigation of the systems. why is it in place? i think we're moving dow
at the end of the day we've been talking about the fiscal cliff for a long time. you think they would have been working on this. >> they had been. >> they can't get it together. >> look, think if you were a small business. you have ten employees, right? you're just trying to weather, you know, demand that's down. you're trying to implement health care reform. you're trying to do all these other things and waiting for congress to fix the fiscal cliff and it hasn't quite...
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. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise money but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt concerns ryan shenecki. so much so that he's the guy in the can suit, dancing gangnam style with the cochair of the
. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the...
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Dec 13, 2012
12/12
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the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm about what the federal reserve is doing. maybe less concern about why the federal reserve is doing it. let's go ahead and take a look at our "market focus." the major stock indices couldn't hold on to their midday gains as the federal reserve's efforts to stimulate the economy couldn't keep buyers enthusiastic. volume was moderate-- 693 million shares on the nasdaq. under 1.8 billion on the nasdaq. the technology sector had the biggest percentage losses, down 0.4%. the telecommunications sector saw the best gains, up 1%. hi-tech storage stocks pressured the tech sector as an analyst raised concerns about competitive risks. the concerns were focused on disk drive maker seagate technology. shares fel
the dow got as high at 80 points, and the more he talked about the fiscal cliff and other issues facing the economy, it went down, down, down, closing down three points. >> tom: any of the enthusiasm that came out when the federal reserve announced it was going to continue to buy bonds slowly deflated throughout the afternoon, the longer the chairman tended to speak. there was less enthusiasm about what the federal reserve is doing. maybe less concern about why the federal reserve is...
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Dec 7, 2012
12/12
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he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt ceiling. ." two republican officials tell me this is becoming the most likely scenario. "the new york times" added more detail including this amazing quote from rep michael c. burgess of texas. "there's always better ground, but we have to get there." in this case the better ground is exchanging the threat of a congressionally induced recession for the threat of a congressionally induced global financial crisis combined with recession. that, that is your better ground? that's a big plan? it's not -- it's not better ground for the economy. and, frankly, i find it difficult to see how it's better politi
he said "republicans are seriously considering a doomsday plan if fiscal cliff talks collapse entirely. it would be quite simple. house republicans would allow a vote on extending the bush middle class tax cuts. that bill already passed in august in the senate. and offer the president nothing more. no extension to the debt ceiling, nothing on unemployment, nothing on loopholes. congress would recess for the holidays and the president would face a big battle early in the year over the debt...